Recordkeeper definition

Recordkeeper means the entity that maintains electronic records of the Plan’s participants and their individual accounts.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Recordkeeper means the individual or entity responsible for keeping records of Plan activity including the tracking of Participant Deferred Compensation Account balances. As to applicable tax and regulatory rules, the actions of the Recordkeeper are limited to executing the decisions and directions of the Committee. The Recordkeeper does not make plan administration decisions.

Recordkeeper means a “financial intermediary” as defined in Rule 22c-2 of the Investment Company Act.

Examples of Recordkeeper in a sentence

• The Participants, Beneficiaries and Alternate Payees may exercise direction to the Trustee only through the Recordkeeper, provided that if the Plan permits a Participant, Beneficiary or Alternate Payee to direct investments through a self-directed Brokerage Account, each such self-directed Brokerage Account shall be opened in the name of the Trustee with a Broker for the benefit of each affected Participant, Beneficiary or Alternate Payee.

• The Trustee shall be entitled to compensation for its services under this Agreement at such rates as from time to time the Trustee and the Recordkeeper shall agree in writing.

• The Trustee shall be fully protected in relying upon the directions received from the Recordkeeper.

• The Plan Administrator shall provide Effective Communication to Trustee to revoke such delegation to Recordkeeper.

• The Recordkeeper generally shall be responsible for keeping accurate and detailed records of all investments, receipts and disbursements and other transactions hereunder, including such specific records as may be agreed upon in writing between the Plan Administrator, Employer, Recordkeeper and Trustee.

More Definitions of Recordkeeper

Recordkeeper means the individual or entity appointed by the FPPA or Board to perform third-party service and administrative functions.

Recordkeeper means the company designated by the Board to perform recordkeeping, administrative, and/or investment services to the Plan.

Recordkeeper means the third party administrator that maintains records for the Plan.

Recordkeeper means Computershare, or its successor, or such replacement recordkeeper as may be appointed or contracted to assist with the recordkeeping and administration of this Plan.

Recordkeeper means the company designated by the Board of Trustees to perform recordkeeping, administrative, and investment services to the DC System.

Recordkeeper means a contracted third-party administrator that the Plan may contract with and delegates certain administrative authority to establish and keep track of Participant Accounts, including contributions, withdrawals, balances, transactions (e.g. fund transfers), and other activities authorized by the Committee and Administrative Staff. Recordkeeper(s) serve at the pleasure of the Committee and under the day-to-day oversight and management of the Plan’s Executive Officer who serves as the primary contact and support for the Committee, but is appointed by and serves at the pleasure of the Director of the State of Nevada Department of Administration.

Recordkeeper means the Person appointed by the Members, pursuant to Section 3.11, to keep the books and records of the Company and to perform the other duties specified in this Operating Agreement as duties of the Recordkeeper.